Car loans for EV and hybrid vehicles | Green car loans - NAB

Offer

$0 loan establishment fee

We’ll waive the $350 establishment fee when you apply for a NAB Car Loan for the purpose of refinance. You’ll need to select the ‘refinancing’ option in your quote form.

Offer available for a limited time only and may end at any time. Other fees and charges apply.

Go electric with an award-winning provider

NAB has partnered with Plenti, an award-winning fintech lender, to provide faster secured car loans. When buying or refinancing an electric vehicle with a NAB Car Loan, you can take advantage of no exit fees and discounted rates. Plenti’s smart, paperless borrowing experience means you can spend more time cruising the open road and less time on your loan application. 

Get your personalised rate quote in minutes without impacting your credit score.

Benefits of a NAB Car Loan for an electric vehicle

Borrow up to $100,000

Whether you’re shopping for a new or used car, borrow between $10,000 and $100,000 to get behind the wheel with confidence.

Fast decision

Apply in minutes and receive same day approval, with funds transferred within one business day of us agreeing to the loan.

Competitive rates

Discounted fixed interest rates from 5.74% p.a. to 12.54% p.a.  (comparison rate from 7.30% p.a. to 14.04%p.a. ) for all-electric and plug-in hybrid vehicles.

Zero exit fees

Save money and experience peace of mind with the freedom to pay off your loan early with no exit fees or penalties.

Flexible loan term

Choose from one to seven-year terms to fit your budget and timeline, putting you in the driver seat.

Fixed monthly repayments

Have certainty in your cashflow and know exactly what you're spending each month with fixed repayments to make budgeting easier.

Things to consider

Before you apply for a NAB Car Loan for an electric vehicle, here are a few things to consider.

  1. The interest rate will be fixed for the loan term

  2. Repayments are required monthly via direct debit

  3. No redraw is available from extra funds

  4. Sole borrowers only can apply

  5. Your car will be used as security for repayment of the loan

NAB Car Loan fees

Loan establishment fee$350 (waived for customers applying for the purpose of refinancing).
Loan service fee$15 per month
Late payment fee$7 per week
Exit fee$0

Eligibility

Check you’re eligible to apply online

  • You’re an existing NAB personal customer and registered for NAB Internet Banking.

  • You’re 21 years or older.

  • You’re purchasing an eligible new or used car up to 12 years old at the time of application (based on build date).

  • You’re an Australian citizen, New Zealand citizen or Australian Permanent Resident.

  • Your residential address is in Australia.

  • You’re receiving a regular income.

Getting started The application process

Step 1

Get your rate quote

  • Getting a quote won’t impact your credit score.
  • Login to your NAB Internet Banking to start.
  • Tell us a few things about yourself and when you’re looking to purchase your vehicle.
  • Once you have your quote, you can customise your loan details to get an estimate of your monthly repayments.
Get my personalised quote , opens in new window

Step 2

Submit your application

  • Tell us about your income, expenses, debts and the car you’re looking to purchase.
  • We’ll review your application and let you know what additional information we need to finalise your loan, typically within one business day.

Step 3

Review and sign your contract

  • To finalise your loan offer, you’ll need to review and sign the loan contract.
  • Funds will then be transferred to the vendor within one business day of us agreeing to the loan.
  • You’re ready to pick up your vehicle and drive away!

Already got a loan with NAB?

Log in to NAB Internet Banking to manage your loan.

Log in to NAB Internet Banking , opens in new window

Tips Car buying guides

Buying a car

Buying a car? We'll show you some finance options along with cost saving tips on running your car.

How to finance your new car

Learn if a car loan, dealer finance or leasing is the right option for your new car.

How to get a car loan

Learn about our secured and unsecured car loans, and how to get approved so you can get behind the wheel sooner.

Common questions about car loans for electric vehicles

What’s the difference between an electric vehicle (EV), a hybrid and a plug-in hybrid (PHEV)?

  • An electric vehicle (EV) runs purely on electricity, so you’ll never visit a fuel pump again. Just plug in, charge up and enjoy zero emissions.
  • A hybrid vehicle (HEV) runs of a mix of petrol or diesel and electric power. Hybrids use a petrol or diesel engine with an electric boost for better fuel efficiency. No need to plug in – the battery charges as you drive.
  • A plug-in hybrid (PHEV) gives you the best of both worlds. PHEVs drive short trips on electric power, then switch to petrol for longer journeys. Charge at home or on the go for maximum flexibility.

Is buying and financing a hybrid more expensive than a conventional car?

Hybrids can cost a little more upfront than traditional petrol or diesel cars but NAB makes going green easier. If you’re financing an eligible EV or PHEV, you’ll get a discounted fixed interest rate on a NAB Car Loan, plus no exit fees. It’s our way of helping you choose a cleaner, smarter drive.

More about car loans

Other products to consider

Still interested in buying a car? Here are some other options that may suit your needs.

Car loans

With a loan from us, you can buy your dream car, first car or something in between.

NAB Car Loan

Buy your dream car, your first car or something in between with a NAB Car Loan.

Help and support

We have guides and support to help you apply for a loan or manage an existing one.

Get in touch

Call an expert

Speak with one of Plenti’s loan specialists.

1300 768 700

Monday to Friday, 9:00am to 5:30pm (AEST/AEDT)
Closed on weekends and National Public Holidays

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